SHOP up by 8% today after announcing 10% layoff yesterday. Irony of capitalism

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Posting as :
works at
You are currently posting as works at

And still down 75% YTD

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irrelevant

lower g&a means a more targeted focus on bottom line after acknowledging an e-commerce bet went bust. this means a more targeted focus on bottom line which anyone invovled in public markets know get punished first and above all else when you’re no longer funded but dumb vc $ pushing growth at all cost. and to pwc1s point is already been beaten to the earths core in a rising interest rate environment.

this is a very pragmatic response, whether you care for capitalism or not. also an 8% bump is more likely fueled by powell commentary (live), and not exactly a knee jerk reaction since it already cratered further to the downside on the actual announcement yesterday, so again, what exactly is it that you’re mad about lol

helpful

is mad at capitalism.. but has no idea what capitalism is…lollll

You must be new here.
Come back to me after you've watched markets for at least 2.. no 6 years.

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Experience: 11 years (Marketing & Brand Manager)

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#mba #marketing #branding #layoff

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